The Great Depression, 1929

The Great Depression of the 20th Century of To all Big global Economic Recession was , which Year In 1929 America From Start through Complete World In Spread Went . Its Effect economic , social , political And Cultural every level But Fell. it Recession About Until 1939 various Countries In Different​​ Forms In Ongoing doing.

1. The Great Depression of background :

• First World of the war (1914–1918) after America One Chief Economic Power By becoming Emerged.
• 1920 ‘s decade called the “Roaring Twenties” go is , when America In Heavy Industrial Development And share Market of speed seen Went.
• Mango people by Big Number In share Buy it often Borrow ranging ( margin But Trading ) .
• But it Growth Temporary And Unstable Thi – Production More It was , but Demand No Was.

2. The Great Depression of beginning :

• 24 October 1929 (Black Thursday) To New York stock Exchange In Shares of Prices speed From falling It started.
• October 29, 1929 (Black Tuesday) To stock market Complete Kind Crash yes Gone – Lakhs People overnight​​ pauper yes Went.
• Banks by Loan Give Close Tax given , people Banks From money Extract engaged , and Bank Too Bankrupt being Started.

3. Chief Effect :

Economy​ But Effect :

• America In Unemployment Rate up to 25% access Went.
• Millions People Homeless And Hungry yes Went.
• Banking System Collapse Gone – thousands Bank Close yes Went.

(ii) Global Effect :

• Europe , Latin America , Asia And Africa Of Countries But Too Its Effect Fell.
• International Business In Heavy Decline I.
• Colonies of economy Too Affected happened – especially Raw Goods But dependent Countries of.

India​ But Effect :

• India In Agriculture Products of Prices fall went , which led to Farmers To Heavy Loss Happened.
• British Government by Tax recovery Ongoing kept , which Farmer And Poor Social class bad Kind Affected happened.
• Rural Area In Loan And Starvation increased.
• Freedom Agitation To Rural Support found Because Economic crisis by British Government Of Per Discontent Increased.

4. Government Reactions :

America In :

• the then President Herbert Hoover of Policies Failed remained.
• In 1933 President become Franklin D. Roosevelt​ by New Deal namesake Program Start Did :
  • Public Functions Of through Jobs Gave went.
  • Banking And Industrial Improvement did Went.
  • Social Security Plans Start of went.

5. The Great Depression Of Long Term Effect :

• Governments of Role Increased – State controlled economy of Side trend Increased.
• Fascism And nazism Of rise happened ( e.g. Germany​ In hitler Of Power In come ) .
• socialism , communism And Trade Union movements To motion Found it.
• World Business And Economic Structures In Comprehensive Change Come.

6. Conclusion : The Great Depression Only One Economic crisis No It was , rather It has World of Politics , Society And Economic Approach To depth From change Gave. it Event Modern History of To all instructive Events In From One is the one who global Capitalism And Economic Policies But reconsideration of Need To Exposed Did.

1. The Great Depression of Background

The Great Depression background To understand Of For We got a look at the 1920 ‘s decade of global Economic Position , First World war Of Effect And America of Economic Policies But Attention Give will be.

(a) First World of the war (1914–1918) Effect :

• war Of after European Country Economic Form From Ruined yes already Were.
• America by war Of during Europe To weapons , food And Loan gave , which He One economic power Of Form In Emerged.
• war Of after Europe America But Economic Form From dependent yes Went.

(ii) of 1920 Decade – “Roaring Twenties”:

• America In it decade Intense industrialization , production And consumerism Of Was.
• share Market In Heavy Investment Happened And People Shares From speed From Benefit Earn Started.
• new new Techniques As automobile , radio , telephone , electricity Devices Of Development Happened.

Production​ And Demand In Imbalance :

• Companies by Big amount In Objects made it , but public of to buy of Power Limited Was.
• Production So increased , but Demand No increased – due to which Objects Without Buyer Of stay went.

Shares​ Market In over enthusiasm​ And Betting :

• People Borrow ranging ( margin Trading ) Shares In Investment Tax are Were.
• stock market In Bubbles​ As environment become Went was – companies of Real Economic Situation From more Evaluation being Put.

Banking​ And financial Institutions of Weak foundation :

• Bank Too share Market In Investment Tax are Were And risk fill up Loan divide are Were.
• Any Too Economic Shock in Banks To fell Can Was Because Their Near Sufficient cash store No Was.

(vi) Economic Inequality :

• Country of Property Some? elder Industrialists And Rich Social class Of Near Focused Was.
• Worker , farmer And Lower Social class of Income  Very Less was – by which Consumption In Decline I.

(vi) International Economic Situation :

• war Of after Europe American Loan In dipped Was And He Our reconstruction In muster up Was.
• Germany But Versailles of Treaty Of under Heavy damages applied went , which led to His Economic crisis And deep Happened.

Summary :

The Great Depression of background In looks Is That How One unstable , unbalanced And Excessive Enthusiastic capitalist economy Without Strong foundation Of steep Was. When In this Little Too Shock came ( in 1929 share Market crash ), then Complete global Arrangement Wobble Went.

2. The Great Depression of Beginning

The Great Depression of beginning America From It happened , but Its Effect Quick only Complete World In Spread Went. This Event of beginning Some? Special Dates And Events Of with attached Hui is , in which share Market Of Demolished Happen To all Chief Is.

Shares​ Market Of Crash (Stock Market Crash of 1929):

24 October 1929 – ” Black Black Thursday :

• New York stock on the exchange (NYSE) Suddenly Heavy Sell-off Start yes Went.
• One only Day In About 1.3 Crore share Sold.
• Market In chaos​​ Much Gai – Investor nervous Went And Our share to sell Started.

29 October 1929 – ” Black Black Tuesday :

• This Day About 1.6 Crore share Sold – This share Market Of History of To all Big Decline Was.
• Crores Dollar Of Investment Some? only hours In End yes Went.
• thousands Investors pauper yes went – in which Mango People , businessmen And Bank Involved Were.

Banks​ And financial Institutions of failure :

• stock market Of Crash From Connected Many Bank Self Too share Market In Investment did happened Were.
• People Bank From Our money Extract Race falls , which Bank Bankrupt being Started.
• from 1,300 by 1930 More Bank Close yes already Were.

Production​ And Business In Decline :

• Merchants To Loss being felt , which Production In Cuts of Went.
• Factories Close being started And Employees To Removal Start Did Went.
• Unemployment speed From increased – by 1933 America In Unemployment above 25% Above access Went.

Agriculture​ Agricultural Collapse :

• First From only Loan In drowned Farmer Now Own crops Too No Sell Pa are Were Because Prices fall chuki Were.
• Fields of Yield of Any Demand No was , from which Farmer waste Of Verge But Come Went.

(v) Global level But Effect :

• America of Economic Situation Bad being From Others Countries To export stalled yes Went.
• America by Loan Give Close Tax gave , which Europe , Latin America And Asia of economy creak Went.
• World Business In About 70% of Decline I.

Consumers​ faith Of Downfall :

• People Now money Expenditure to From to be afraid Started.
• consumerism End being felt , which Demand And More fall Went.
• a ” negative The vicious cycle begins yes Gaya – Demand In Decrease → Production In Decline → Unemployment → and Demand In And Shortage.

conclusion :

The Great Depression of beginning One Economic Earthquake of Kind was – whose First Crack share Market Crash From Start Hui And Soon only He Complete economy To Own grip In Take Went. it Only One financial crisis No It was , rather One Social And human Tragedy Too become Went.

3. Chief Major Impacts of The Great Depression, 1929

The Great Depression by No Only America Rather Complete World of Economy , Politics And Society To depth From Affected Did. Its Effect Immediately Too Were And Long Term Too. Come This various Levels But understand Are :

🌍 (i) Global Global Impact :

1. International Business In Decline :

• World Business Up to about 70% decrease Went .
• Countries by Import Tariffs​ increased given , by which Business And decrease Went.
• Globalization of motion Slow yes Went.

2. World level But Unemployment :

• America By 1933 in by 25% More People Unemployed yes Went.
• Europe , Canada , Australia , Argentina And India As Countries In Too Unemployment And poverty increased.

3. Political Instability :

• Many Countries In public by Democracy From Reliance Lost.
• Germany In Nazi Party And hitler Of rise Happened.
• Italy In Mussolini , Spain In Fascist Strengths Strong It happened.

🇺🇸 (ii) America But Effect :

1. Banking And Industrial framework creak Went :

• thousands Bank Close yes Went.
• Hundreds Industry And Companies Bankrupt yes went.

2. New New Deal :

• President Franklin D. Roosevelt​ by Economic Reforms of Series Start of :
  • The unemployed Of For Jobs.
  • Social Security Plans.
  • Banking And share market In Improvement.

3. State of Role In Growth :

• “Laissez-faire” policy From off the Government by economy In Interference to do Start Did.

🇮🇳 (iii) India But Effect :

1. Agriculture crisis :

• India In Agriculture products ( such as of wheat , cotton​ Prices fall went.
• Farmer First From only Tax Of Burden From buried were – now Them Crop Of Appropriate Value Too No Mill remained Was.

2. Debt And Starvation :

• Rural public Loan In Drowning Went.
• elder measures But Starvation And Escape Happened.

3. British Policy In Hardness :

• British Government by Tax increased Given And Expenditure Less did – by which public And Sad Hui.

4. National Agitation To Promotion :

• Economic crisis From public In British Government Of Per Discontent Increased.
• Gandhiji Of Leadership In public by Freedom Agitation In And Partnership of.

🧑‍🤝‍🧑 ( iv ) Social Social Impact :

1. Poverty And Homelessness :

• America And Europe In Millions People Streets But Come Went .
• Meal of Shops But long – long Queues to seem It started.

2. Mental Health But Effect :

• suicide , mental Depression And Crime Rate In Growth Hui.

3. Laborer movements In Acceleration :

• Trade Unions of Strength increased.
• Laborers by Own wages , rights And Security Of For Conflict Did.

🧭 (v) Long term Long-term Impact :

1. Economic Policies In shift :

• Keynesian Economics (Keynesian Economics ) Adopted Gaya – in which Government Of Active Interference Necessary Agreed Went.

2. International Institutions of Establishment :

• after In World Bank And international currency Fund (IMF) like Institutions global Economic Stability Of For made went.

3. Second World war of Role :

• The Great Depression by Germany And Japan As Countries In Discontent And Fascism To Boost , which was the result of WWII One Big Reason Made.

✅ Conclusion :

The Great Depression Only One Economic crisis No It was , it One worldwide human , social And Political crisis Too Was. It has Governments of Economic Role To Redefined Did And Capitalism Of Model In balance of Need To Front kept.

(i) Economy of The Great Depression 1929 But Effect

The Great Depression Of To all First And deep Effect global economy But Fell. It has production , trade , financial system , agriculture And Industry – All To depth From Affected Did.

✅ 1. Production In Heavy Decline :

• Factories And Companies by Production Stoppage Gave Or decreased Gave Because Demand Very Less yes Went Was.
• America In Industrial Production Up to about 50% fall Went.
• global Industrial Area stalled fall went , which led to Millions laborer Unemployed yes Went.

✅ 2. Unemployment In Explosion :

• America In By 1933 , 25% of the population Unemployed yes ( about 1.5 crore​ People ) .
• Europe , Canada And Australia As Countries In Too Unemployment speed From increased.
• Labour decreased Gave Went And Many Place Labour Give Too possible No Was.

✅ 3. Banking System Of Downfall :

• thousands Bank Bankrupt yes went because​ Their Investment share Market In Drowning Went Were.
• People Banks From Money Extract Of For line In sounding went , which ” Bank Run “ Happened.
• America In By 1933 Around 9,000 banks Close yes already Were.

✅ 4. Business And export In Decline :

• International Business About Up to 70% decrease Went.
• Country Self-reliance Becoming of Policy adopt started And import – export But Tax ( Tariff ) increased Given.
• global supply Series shattered Went.

✅ 5. Agriculture Area But Effect :

• Crops of Prices fall went , which led to Farmer crops by growing Too Losses In Were.
• America called “ Dust Bowl ” in Natural Disaster by Agriculture To And devastated Tax Gave.
• Farmer Loan No paid got And Lands auction yes went.

✅ 6. Investment And capital Flow Stalled :

• Personal Companies Investment to From to be afraid It started.
• share Market In Heavy Decline Of Reason people by capital Removal Close Tax Gave .
• New Companies open up Close yes went , and Entrepreneurship In Decline I.

✅ 7. Inflation / Deflation :

• Many Countries In Deflation​ happened – that is Objects of Prices Continuous falling remained.
• From this Production And decreased And Labour In Cuts being It hurt.

✅ 8. Government of Revenue Income  In Decline :

• business , taxes And Production occur From Government of Income  In Heavy Shortage I.
• Many Countries by Government Expenses In Cuts of , by which And More Unemployment Spread.

🧭 Summary :

The Great Depression Of during economy completely pause of Situation In access Went Was.

• it One ” Economic tsunami “ Was in which Banks , industries , farmers , labourers – everyone To Loss Raise Fell.

It has capitalist Arrangement of Weaknesses To Exposed Did And Governments To it taught That Economic Stability Of For Political Interference Necessary Is.

 (ii) Global Impact of The Great Depression, 1929

The Great Depression Only America till Limited No remained , rather Its Effect Complete World But Fell. Since the 1920s decade till global economy each other​ From join chuki It was , so America In Start Happened Economic crisis Very speed From Europe , Asia , Africa And Latin America till Spread Went.

🌐 1. International Business In Heavy Decline :

• From 1929 to 1934 between World Business Up to about 70% decrease Went.
• Countries by Import But high Tariff put ( like America of the Smoot-Hawley Tariff Act), which Business war like Situation become Went.
• global Collaboration of Emotion Breakdown Went And every Country by ” own Save ” Policy Adopted.

👨‍🏭 2. global Unemployment And poverty :

• America , Britain , Germany , France , Canada , Australia As Countries In Unemployment of Rate from 20% Above access Went.
• Millions People Streets But Come went , eat to get Of For lines Applying Started.
• Poor Countries of Situation And Bad yes Went Because They Raw Goods But dependent were , whose demand decrease Went.

🇩🇪 3. Germany And Europe In Instability :

• Germany To Versailles of Treaty Of Reason First only Heavy war damages pay off Was.
• The Great Depression From His Economic Situation And deteriorate went , which led to public In Discontent Spread.
• This  Discontent by Nazi Party And hitler To Power In to come Of way Gave.
• Europe In hardcore Nationalism And Dictatorship Governments Of rise happened ( like – Germany , Italy , Spain ) .

🏦 4. Colonies But effects ( e.g. India , Africa ):

• Colonies of economy Agriculture And Raw Goods Of export But dependent Was.
• When global Business stalled Happened So Their export Decreased , Income In Decline came , and poverty increased.
• Colonial Governments by Tax And recovery increased , which public In Discontent And Agitation Increased.

💰 5. capital And Investment Of to stop :

• America And Europe by Foreign Countries In Investment to do Close Tax Gave .
• Many developing Countries In Infrastructure And Industrial Projects stalled yes went.
• international Loan System Demolished yes went – by which Many Country Loan repay In unable yes Went.

🗳️ 6. Political fanaticism And war of Side Mounting step :

• global crisis Of Reason Democratic Arrangements Weak fell.
• Dictatorship And militaristic Policies increased – such as :
  • Germany In hitler Of rise
  • Italy In Mussolini of Fascist Policy
  • Japan In military expansionism

in All Of Result Tha – II World War (1939–45) of Side Grow.

🧭 7. global Economic Model In shift :

• The Great Depression Of after Countries by understood That Capitalism To Without Control Of No left Go Can .
• Governments by Now economy In Active Government Intervention Start Did.
• Many Countries by welfare State (Welfare State) of Side step Increase it.

📌 Summary :

The Great Depression by Complete World To it show Gave That Economic crisis Only One Country till Limited No would stay.

• it global business , social Stability And Political Arrangement To Too Shake Can Is.

It has World To Second great war , dictatorship Governments And New Economic Policies of Side Folded.

 (iii) Impact of The Great Depression On India, 1929

The Great Depression Of Effect India But Too deep had to , though it crisis America And Europe From Start Happened Was. That Time India British Colonization Was And His economy mainly Agriculture And Raw Goods Of export But based Was. International Business In Decline And British Government of Harsh Economic Policies by India Of farmers , laborers And medium Social class To Serious Form From Affected Did.

🌾 1. Agriculture Area But Effect :

• India In mostly population Agriculture But dependent Was.
• The Great Depression Of Reason Agriculture Products ( eg- wheat , cotton , jute )​ of international Prices In Heavy Decline I.
• But British Government by Farmers From Old Rate But Tax recover Ongoing kept , which They Dual Kill withstand Started.

📉 Example :

• In 1929 Cotton of price Around ₹350 per Knot which by 1931​​ fell to ₹ 150 Went.

💰 2. Farmers But Loan And Starvation :

• Crop Of Price No to meet And Tax repay of Compulsion In Farmers by Moneylenders From Loan Took it .
• When Crop sold No was , so Loan pay off impossible yes go Was.
• Many Farmer Own Lands From Evicted yes Went And Starvation Of Hunt Made.

🏭 3. Industry And Business But Effect :

• India Of Jute , Textile And Other Small Industries of export Demand decrease Went .
• Foreign Countries From to come ones Order Close yes went , which Many Meet Close yes went Or Among them Work decreased Gave Went.
• cities In Unemployment increased And Laborers of Labour Less Tax Gave Went.

🏦 4. mercantile And capital Investment In Decline :

• Foreigner capital Investment stop went , which led to India In New Projects stalled yes went.
• Banks by New Loan Give Less Tax Gave And Merchants To Heavy Loss Happened.

🧑‍🌾 5. Rural Discontent And movements of Growth :

• Economic crisis From Rural public In Discontent Increased.
• Many Locations But Tax No repay Of Agitation happened ( eg . Bardoli Satyagraha , 1928 , which The Great Depression From Correct First Start Happened It was , but after In And Quick Happened ) .
• Farmer movements And Rural Revolts of Number increased.

🇮🇳 6. Freedom Agitation To Force :

• public To British Government of Economic Policies unjust to seem It started.
• Gandhiji Of Leadership In politely Disobedience The Movement (1930) To Ground Support found.
• Congress by Salt movement , foreign Clothing Of Boycott And Gram Industries Of Support Start Did.

📉 7. medium Social class And Employed Social class But Effect :

• Gin people of Jobs There were , their Salary In Cuts of Went Or Them Remove Gave Went.
• Value falling From Property Of Value Less yes went , which led to medium Social class of Property – Security End yes Went.

📌 Summary :

The Great Depression by India To economic , social And Political Form From Shake Tax keep Gave.

• India of Agriculture – based economy This global crisis Of confront No Tax Pie.
• British Colonial Policies by Situation And spoil Gave.
• But This crisis by Indian public To it explained That Swaraj only Sole Solution Having more​ It has Freedom Agitation To And More Public support Got it done.

4. Government Responses To The Great Depression, 1929

The Great Depression of horror by Governments To Own Economic Policies But reconsideration to To constrained Tax Gave. First Where Governments market In minimum Interference of Policy adopts There , there Now They Active Form From Economic Activities In Part Take Start Did. Different​​ Countries by Our Resources And Ideologies Of According feedback granted , but To all notable feedback America of New Deal Policy doing.

🇺🇸 (i) America of Response – “New Deal” Policy

👉 1. Franklin D . Roosevelt (FD Roosevelt ) Leadership :

• In 1933 Franklin D. Roosevelt (FDR ) America Of President Made.
• They The Great Depression From Dealing Of For One Comprehensive Improvement Program Start Did which “New Deal” Said Went.

👉 2. New of the New Deal Chief Objective :

• Relief :​ The unemployed And The poor Of For instantaneous Help.
• Recovery :​ Industries , Banks And Business To again standing to do.
• Reform :​ Future In Such The Great Depression No yes , its For Structural Improvement.

👉 3. Chief Plans And Program :

👉 4. Result :

• New Deal From America To relief got it , but Recession Complete Kind End No Hui.
• Then Too It has Economic Planning , Social Security And Government Responsibility of foundation kept it.

🇬🇧 (ii) Britain of feedback :

• Gold Standard leave Gave Gaya (1931) so that currency supply To Enhanced Go Could.
• Government Expenses In Cuts of went ( but From this Unemployment And increased ) .
• Sterling Block Countries From Business Enhanced gone – like India , Australia , Canada.
• Keynesian Policies gradually​​ adopted went , in which Government Expenditure by increasing economy To encouraged does Is.

🇩🇪 (iii) Germany of feedback :

• Germany In Unemployment , hunger And Discontent by hitler Of bump To Birth Gave.
• In 1933 Nazi Party Power In I And hitler by State controlled economy Adopted.
• military construction , highway Construction And war Industries But Emphasis by giving employment Creation Did Went.

🇮🇳 ( iv ) India In British Government of feedback :

• British Government by Revenue recovery Ongoing kept it , even if only Farmer crisis In Were.
• Any Solid relief Policy No adopted Went.
• Loan relief , tax Cuts Or Food Help like Plans No drove went.
• public In Discontent increased And it Freedom Agitation Of Party In Went.

🔄 (v) Economic Approach In shift :

• “Laissez-faire” ( Government Of minimum Interference ) Of Idea Weak Happened.
• Now Government To economy In Active Role to fulfill wala Unit Of Form In saw know Put.
• John Maynard Keynes As Economists of Policies popular happened :

” Unemployment Of Time Government To Public Expenditure by increasing demand Yield to do Needed. “

📌 Conclusion :

The Great Depression by World of Governments To it taught That economy To Complete Kind market Of Trust Leave Dangerous yes Can Is.

• This crisis by welfare State , Employed economy And Social Security of Concepts To Birth Gave.
• it Experience Second World war Of after of New Economic structures ( e.g. IMF, World bank ) of foundation Too Made.

5. Long-Term Impact of the Great Depression, 1929

The Great Depression Only One decade till Limited Economic crisis No It was , rather It has World Of economic , social And Political Frameworks To depth From change Gave . Its Long Term Effect Today Too Modern global Economy , Governments of role , social Security System And international Institutions In See Go Can Are.

🏛️ (i) Economic Policies In Big Change :

✅ Government of Role In Growth :

• Earlier “ Laissez-faire ” policy ( Government Of Interference No to do ) to Priority Gave Caste Was.
• Now it clear yes Went That Market To Complete Kind Independent Leave Dangerous yes Can Is.
• so Governments by Economic management In Active Interference to do Start Did.

✅ Keynesian Economics Of rise :

• British Economist John Maynard Keynes by Suggestion Gave That Government To Recession Of Time Expense by increasing Demand To Increase Needed .
• Many Countries by This thinking To Adopted And Public Projects In Investment Did.

🧾 (ii) Welfare of the State (Welfare State) concept :

• The Great Depression Of during people To employment , pension , insurance And Help of Need Feel Hui.
• Its As a result America including Many Countries In Social security , unemployment Insurance , Minimum Labour Law Etcetera Applicable happened.
• it Idea Ahead by walking welfare State of foundation Made.

🏦 (iii) International Institutions of Establishment :

• World economy To steady Keeping Of For Second World war Of after Some? Chief Institutions made went to :
  • IMF (International Monetary Fund) – currency Stability And Loan Help Of For.
  • World Bank – Developing Countries To Economic Help to give Of For.
  • GATT ( after in WTO) – Global Business To controlled to Of For.

⚖️ ( iv ) Capitalism And Socialism of Discussion :

• The Great Depression Of after capitalist Arrangement of Weaknesses Exposed It happened.
• Its Oppose In Socialism And Communism To Many Countries In Support got ( e.g. – Soviet union In ) .
• Labor Unions And Leftists movements To Force found.

🪖 (v) Fascism And war of Side growing World :

• The Great Depression From Yield Economic Discontent And Unemployment by Germany , Italy And Japan As Countries In Dictatorship And expansionist Policies To Birth Gave.
• hitler And Nazi Party Of rise And His aggressive Policies Second World War (1939) Of Chief Reason became.

🏙️ ( vi ) Urbanization And Industrial Plans In Change :

• America And Europe In Public Functions Of Channel From New cities , bridges , roads , dams Etcetera Create Went.
• From this Long Term Infrastructure Of Development Happened And Economic Revival of Cornerstone laid Went.

🧭 (vii) Global Economic structure In Durability of Search :

• The Great Depression Of after Countries by Such Arrangement create of Effort of By which Future In global Economic crisis To stopped Go Could.
• currency Exchange rates , gold Of Standard , and Central Banks of Role But reconsideration Happened.

📌 Summary :

The Great Depression by World To it taught That :

• Unbalanced Capitalism And Uncontrolled financial System long Time till Tick No Can.
• Government of Active participation , social Security , and global Collaboration Necessary Are.
• it crisis Future of Economic schemes , institutions And Ideologies Of Base Made.

6. Conclusion – The Great Depression, 1929

The Great Depression (1929 ) 20th Century of To all Devastating global Economic Event It was the No Only economy To Rather Society , Politics And international Arrangement To Too shook Tax keep Gave. it crisis Only Statistics And Markets till Limited No It was , rather Crores people Of life , livelihood And Future From connected Happened Was.

🔍 Main conclusion :

1. capitalist Arrangement of boundaries Exposed happened :
   • Uncontrolled share market , very Betting And demand supply​ In imbalance by crisis To Birth Gave.
   • From this it clear Happened That Economic Activities To Only Personal Area Of Trust No left Go Can.
2. Government of Role Important prove Hui :
   • crisis Of Solution Of For America in ” New deal ” like Program came , who it Established Did That State of Economic Responsibility Necessary Is.
3. World Business And global Relations In shift Came :
   • Self-reliance of policy , business protectionism , and New global institutions (IMF, World Bank ) Establishment Future To Direction to give It hurt.
4. Political Result Serious Were :
   • Germany , Italy And Japan In Dictatorship And Militarism Of rise happened , which Ultimately Second World war To Birth Gave.
5. India As Colonies In Freedom movements To Force found :
   • British Government of Economic Policies From Discontent increased And Farmers And medium Social class by National Agitation Of Support Increased.

📘 Finally , the Great Depression by it clear Did That economy Only Benefit And Losses Of Mathematic No , rather Millions people of life Of Base would have been Is. It has World To Economic justice , social Security And global Collaboration of Need Of Lesson,  taught.

References

Bernanke, Ben S. Essays on the Great Depression. Princeton University Press, 2000.

Eichengreen, Barry. Golden Fetters: The Gold Standard and the Great Depression, 1919–1939. Oxford University Press, 1992.

Kindleberger, Charles P. The World in Depression, 1929–1939. University of California Press, 1986.

Temin, Peter. Lessons from the Great Depression. MIT Press, 1989.

Sources on Indian economic history: Bipan Chandra, India’s Struggle for Independence, Penguin Books, 1989.

U.S. National Archives. “The Great Depression and World War II (1929–1945).”

Reserve Bank of India Archives – Economic Statistics of the 1930s.